Fiera Capital Co. (TSE:FSZ) Receives Average Recommendation of “N/A” from Brokerages

Shares of Fiera Capital Co. (TSE:FSZ) have earned a consensus recommendation of “N/A” from the zero analysts that are presently covering the firm, Marketbeat reports.

FSZ has been the topic of several research analyst reports. National Bankshares lifted their target price on Fiera Capital from C$8.00 to C$8.50 and gave the company an “underperform” rating in a research note on Wednesday, October 30th. CIBC boosted their price objective on shares of Fiera Capital from C$9.50 to C$11.00 in a research report on Friday, November 8th. BMO Capital Markets upped their price objective on shares of Fiera Capital from C$8.50 to C$9.00 in a research note on Tuesday, October 29th. Desjardins lifted their target price on shares of Fiera Capital from C$7.75 to C$9.00 and gave the company a “hold” rating in a research note on Thursday, October 24th. Finally, TD Securities upped their price target on shares of Fiera Capital from C$9.00 to C$10.00 and gave the stock a “hold” rating in a research note on Friday, November 8th.

Insider Buying and Selling

In related news, Senior Officer John Valentini sold 28,000 shares of the business’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of C$8.57, for a total value of C$240,046.80. 0.86% of the stock is currently owned by corporate insiders.

Fiera Capital Trading Up 0.2 %

Fiera Capital stock opened at C$8.93 on Friday. The company has a 50 day moving average price of C$9.53 and a 200 day moving average price of C$8.40. The company has a debt-to-equity ratio of 259.56, a quick ratio of 1.05 and a current ratio of 1.39. Fiera Capital has a 52 week low of C$5.85 and a 52 week high of C$10.92. The firm has a market capitalization of C$783.61 million, a price-to-earnings ratio of 16.54, a P/E/G ratio of -0.87 and a beta of 1.64.

Fiera Capital (TSE:FSZ) last issued its earnings results on Thursday, November 7th. The company reported C$0.25 EPS for the quarter, topping the consensus estimate of C$0.19 by C$0.06. The business had revenue of C$171.71 million during the quarter, compared to analysts’ expectations of C$163.10 million. Fiera Capital had a return on equity of 22.95% and a net margin of 8.97%. Research analysts forecast that Fiera Capital will post 1.0905563 EPS for the current year.

Fiera Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Tuesday, November 19th were paid a $0.216 dividend. This represents a $0.86 annualized dividend and a dividend yield of 9.68%. The ex-dividend date was Tuesday, November 19th. This is a positive change from Fiera Capital’s previous quarterly dividend of $0.22. Fiera Capital’s payout ratio is presently 159.26%.

About Fiera Capital

Fiera Capital Corporation is an employee owned investment manager. The firm primarily provides its services to institutional investors, mutual funds, charitable organizations, and private clients. It manages separate client-focused equity, fixed income, and balanced portfolios. The firm also launches and manages equity, fixed income, and balanced mutual funds and income trusts for its clients.